With a capital gain of 22.29% for the last 12 months, Manifold Heights, 3218 has performed for property investments than its average annual 9.92% property growth over the last 5 years.
Manifold Heights,3218 was ranked 1011 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Manifold Heights are currently offering property investors an average price cut of -5.56% below the asking price at the moment.
At number 2790 in a list of fastest selling suburbs, Manifold Heights is in the bottom 30% of suburbs in Australia with an average of days on market 98.81 for properties listed there.
Advertised rents are around the $350 mark per week – giving a return of 2.48% based on the median price in Suburb
Manifold Heights has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 16.97% to date .
The five-year average increase in median property values for Manifold Heights,3218 has given property investors a potential capital gain of 3.43% across each of those five years.
Our latest figures would indicate that property sellers in Manifold Heights are currently offering property investors an average price cut of -3.65% below the asking price at the moment.
Renters in Suburb are facing rents around $3480 per annum or $290 every week.
Less than 5km west of Geelong City is the suburb of Manifold Heights. Primarily a residential area, it nonetheless has many fans driving its strong growth in recent years.Full summary
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Metro suburb soars to new heights
Median house price: $583,050
Three-year growth: 14.32%
Rental yield: 3.17%
Less than 5km west of Geelong City is the suburb of Manifold Heights. Primarily a residential area, it nonetheless has many fans driving its strong growth in recent years.
Manifold Heights recorded almost 23% growth in the past 12 months, with average annual growth coming in at 7.4%. This is indicative of its potential value in the long term should the trend keep up. For 2017, the suburb is off to a strong start – in the January quarter, prices continued to increase by almost 10%. Manifold Heights’s rising profile also benefits sellers, who have homes snapped up at an average discount rate of just 3.8%.
One of the suburb’s top drawing cards is its proximity to the Geelong CBD, which is itself a central CBD in regional Victoria. The city provides considerable employment opportunities in the medical and education industries, and is also home to many entertainment venues. Thus, residents are within easy reach of whatever they need.Close